How to Get Paid for a Social Site

Charge a registration fee. People always prefer free sites, but if you have something to offer that other social sites don’t, people will pay to use it. You can offer a trial period or offer free registration or charge only for extra features.
Charge for banner space. If you have a lot of traffic, people will want to advertise their business on your site. Place a message on any page of your site to let visitors know about the option and add an 'Advertise with us' page with prices and other relevant information, including means of contacting you.
Sign up for Google Adsense or any other contextual advertising program. These programs use targeted marketing by searching for keywords and providing site owners with adds that are relevant to the content on their site. Site owners receive a payment every time a visitor clicks on an add. It's very easy to sign up and placing adds on your pages is as simple as copying and pasting pieces of code.
Sign up for an affiliate marketing program. There are many affiliate marketing programs available. These programs work similarly to contextual advertising, but instead of advertising ads, you promote products and services. Many affiliate programs require your visitors to actually buy the product or fill out a form for you to receive payment. Read the affiliate agreement thoroughly to determine which affiliate program is right for you.
Sell your site. If you built a social site and don’t want to run it, offer it for sale. This is usually the last step, as you will most likely have to show proof of significant traffic and revenue to any potential buyer in order to get a decent offer. You can offer your site for sale on the site itself or through websites such as WebsiteBroker, DealaSite or even Ebay. Before you list it, do your research to determine how much your website is worth.
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How Do I Become an Affiliate Without a Website?

Obtain one or more affiliate links. These are links through which you sell other people's products, and are paid either a flat-rate commission for sales or a percentage of a customer's total purchase. Sites like ClickBank.com are a great resource for finding affiliate links that you can use to promote many different types of products.
Promote the affiliate link you've chosen through email marketing. Begin by contacting your friends and family. Explain the product you are promoting and tell your friends and family why you have become an affiliate and are recommending the product. You can also add an affiliate link to your email signature, effectively making every email you send an opportunity to promote your affiliate link.
Write online articles promoting your affiliate link. You can write articles at a number of online sites which allow you to publish information without a website. Any free blog or article website that allows you to produce your own content and promote products as an affiliate can be effective.
Promote your affiliate link on social networking sites like Twitter, MySpace and Facebook. Write blog entries promoting your affiliate programs on these sites directly, and also provide links to articles you have written on other sites. According to Google, 'some pages are considered to have greater value, thus giving the linked page greater value.' So by linking to your blog articles from a highly trafficked social networking site, you can help improve your ranking with search engines.
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